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Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
Dean Karouzos outside of his new condo in Chicago, Ill., on Friday, October 19, 2012. | Andrew A. Nelles~Sun-Times Media
After searching for more than a year and being outbid several times, Nayoung Hwang succeeded in buying a studio apartment in the Gold Coast in mid-July for $142,000 as an investment property. She rents it out for $1,250 a month, and considers the relatively low purchase price and hot rental market a great opportunity.
Retiree Dean Karouzos bought a one-bedroom condo in West Rogers Park in a delinquent tax sale for $41,000. It’s just one example of how Chicagoans are scooping up bargain properties with low interest rates to boost home sales to the highest numbers in years. Karouzos, …
